Using 1988-89 financial data, El Paso Community College (EPCC) initiated a study to estimate the economic impact of EPCC on El Paso County and on Texas. Three major expenditure components were used to estimate direct economic impact: college budgetary expenditures; college employee expenditures; and student expenditures. Indirect economic impact was estimated through application of an economic multiplier which estimates the value of earnings and other college acquired resources which have been re-spent by college employees and students in the economy. Major findings of the study included the following: (1) more than $109 million of the state's economy was a direct result of spending by EPCC (16.8%), its students (65.1%), and its employees (18.1%); (2) a business volume or economic impact of more than $271 million was generated by expenditures of EPCC, its students, and its employees as determined by application of the economic multiplier; (3) when considering all revenue sources, each dollar which EPCC received and spent resulted in $4.90 of statewide economic impact; (4) each dollar of state aid revenue to the college resulted in an economic impact of $13.45; (5) 6,816 jobs were attributable to the existence and expenditures of EPCC; (6) in El Paso County, nearly $107.5 million are attributable to EPCC student expenditures (66.4%), college expenditures (15.1%), and employee expenditures (18.5%); and (7) an estimated business volume of more than $234.5 million was generated by expenditures of the college, its students, and its employees as determined by application of the multiplier. Study methodology and limitations are discussed, and summary data tables are included. (JMC)

plus-circle Add Review

comment

Reviews